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Strategic Risk Management

LogisManager

Strategic Risk Management Last Updated: December 19, 2023 Strategic Risk Management (SRM) is integral to navigating the complexities of today’s business landscape and securing long-term objectives. Understanding and managing strategic risks align with the broader goal of effective governance, particularly at the board level.

Strategic 105
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The Relationship Between Internal Controls and Internal Audits

Reciprocity

Examples of control activities include: Inventory counts Physical security Segregation of duties Enforcing purchasing limits Enforcing multiple authorizations for transactions above a certain amount Risk Assessment Ongoing risk assessment is a critical component of the controls ecosystem. What Are Internal Audits?

Audit 52
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article thumbnail

The Relationship Between Internal Controls and Internal Audits

Reciprocity

Examples of control activities include: Inventory counts Physical security Segregation of duties Enforcing purchasing limits Enforcing multiple authorizations for transactions above a certain amount Risk Assessment Ongoing risk assessment is a critical component of the controls ecosystem. What Are Internal Audits?

Audit 52
article thumbnail

Strategic Risk Management

LogisManager

Strategic Risk Management Last Updated: December 19, 2023 Strategic Risk Management (SRM) is integral to navigating the complexities of today’s business landscape and securing long-term objectives. Understanding and managing strategic risks align with the broader goal of effective governance, particularly at the board level.